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Failed Bank of America Loan Modifications are Short Sales in Disguise
I was reading a client response letter this morning. My former client wrote, "Elizabeth was excellent and made our short sale process so much better than it could have been. We have heard horror stories . . . " And it made me wonder how does she really know how awful it could have been? I try not to focus on the negative crap in a short sale. I don't always share with a seller every little horrid thing that happens either because I try to spare feelings. But the truth of it is short sales are not always a pleasant experience. When things take a left turn, it's often the messenger who is left dodging bullets.
Diplomacy will only take an agent so far, though. Sometimes, you've just gotta lay it on the line and tell it like it is. Not everybody likes that approach. Not everybody wants to take responsibility for their own actions, either, and it's often easier to point fingers and try to reflect blame, rather than looking at the real culprit. People create so much of their own misery. But one can't tell clients that because they don't want to hear it and it doesn't change ... more

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